Digimarc (NASDAQ:DMRC) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Digimarc Corporation (NASDAQ:DMRC) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.50 and traded as high as $12.04. Digimarc shares last traded at $11.33, with a volume of 313,110 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on DMRC shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Digimarc in a research report on Monday, April 20th. Wall Street Zen raised Digimarc from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Finally, Needham & Company LLC increased their price objective on Digimarc from $10.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $15.00.

Digimarc Price Performance

The business has a 50 day moving average of $9.80 and a 200 day moving average of $7.50. The firm has a market capitalization of $251.98 million, a price-to-earnings ratio of -8.92 and a beta of 2.18.

Digimarc (NASDAQ:DMRC) last issued its earnings results on Tuesday, May 12th. The information technology services provider reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.29. The business had revenue of $7.58 million during the quarter, compared to analyst estimates of $7.05 million. Digimarc had a negative return on equity of 21.81% and a negative net margin of 85.75%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Digimarc by 2.3% in the third quarter. Vanguard Group Inc. now owns 1,330,053 shares of the information technology services provider’s stock valued at $12,995,000 after purchasing an additional 30,258 shares in the last quarter. Silverberg Bernstein Capital Management LLC raised its stake in shares of Digimarc by 7.6% in the first quarter. Silverberg Bernstein Capital Management LLC now owns 779,255 shares of the information technology services provider’s stock valued at $3,826,000 after purchasing an additional 55,110 shares in the last quarter. Lagoda Investment Management L.P. raised its stake in shares of Digimarc by 2.4% in the third quarter. Lagoda Investment Management L.P. now owns 761,345 shares of the information technology services provider’s stock valued at $7,438,000 after purchasing an additional 17,920 shares in the last quarter. Kimelman & Baird LLC raised its stake in shares of Digimarc by 7.2% in the fourth quarter. Kimelman & Baird LLC now owns 680,817 shares of the information technology services provider’s stock valued at $4,466,000 after purchasing an additional 45,447 shares in the last quarter. Finally, Private Advisor Group LLC raised its stake in shares of Digimarc by 12.8% in the first quarter. Private Advisor Group LLC now owns 502,001 shares of the information technology services provider’s stock valued at $2,465,000 after purchasing an additional 56,829 shares in the last quarter. 66.85% of the stock is currently owned by institutional investors and hedge funds.

Digimarc Company Profile

Digimarc Corporation is a technology company specializing in digital identification and authentication solutions. Its core offering centers on embedding imperceptible digital watermarks into images, audio, video and packaging materials. These watermarks carry unique identifiers that enable secure tracking, brand protection and content provenance across print and digital channels.

The company’s product suite includes software development kits and cloud-based services that allow enterprises to integrate digital watermarking into their existing workflows.